>Think of those billions of [[cloud serfs]] who are, at this very moment, putting so much time and energy into building up someone else’s cloud capital. Their unpaid labour produces [[capitalism’s extractive power|extractive power]] and [[cloud rent]] for very few cloudalists, money that will never re-enter the wider circulation of income, while earning them no income themselves. Allow me to describe this as the *shrinking of the global value base*. Add to this the wage squeeze that cloud capital also imposes on waged workers, as it increasingly turns them into [[cloud proles]]. The result is a substantial reduction in the incomes that the masses can mobilise to buy commodities. This secular drop is effective, or aggregate, demand means more and deeper economic crises. To use an ecological metaphor, capitalists and workers are experiencing something akin to the shrinking of their habitat, pushing endangered species into greater peril, while suffering more frequent extreme whether events.